Tag Archives: Orange County Auditor-Controller

AUDITOR-CONTROLLER MANAGEMENT SELECTED AS FEATURED SPEAKERS FOR SMALL BUSINESS PROPERTY TAX WORKSHOP

California Community Colleges Event will educate attendees on Business Property Tax

March 28, 2017 – The County of Orange Auditor-Controller’s office is proud to announce that Toni Smart, Director of Internal Audit, and Frank Davies, Property Tax Manager, have been selected as featured keynote speakers for the California Community Colleges Small Business Property Tax Workshop, to be held Friday, April 7, 2017 at 11:30 AM.

The event will focus on how small businesses can navigate the complex world of business taxes. At the seminar, speakers will focus on the tax assessment process, tax rates and collection, and where all the hard-earned taxpayer dollars go. Continue reading→

Board of Supervisors Appoints Jan Grimes as Orange County Auditor-Controller

SANTA ANA, CA— Supervisor Shawn Nelson, Chairman of the Board of Supervisors, today announced the appointment of Jan Grimes to the position of Orange County Auditor-Controller. Jan Grimes will continue her service to the County with her extensive background as being the current Chief Deputy Auditor-Controller.

“We commenced a search because Jan originally wasn’t interested in the elected position. The benefits of being an elected are not as good as being a staff executive, but Jan made the decision we wouldn’t have asked her to make. Her unique status maintains continuity, yet still allows the idea of a selection to take place without any candidate given the unfair advantage of incumbency,” said Nelson. Continue reading→

“Orange County Auditor-Controller David Sundstrom Releases the OC Citizens’ Report”

(Santa Ana, CA) – The Auditor-Controller’s office has just released its Annual OC Citizens’ Report.
This is the eighth year the report has been published. The County has received the prestigious Award for
Outstanding Achievement in Popular Reporting for the past seven years from the Government Finance Officers
Association. This report presents financial highlights for the County of Orange, California for the fiscal year
(FY) ended June 30, 2010 and provides a high-level summary of information contained in the County’s
Comprehensive Annual Financial Report (CAFR).

The CAFR, which contains detailed financial information, is intended for in-depth users of financial
reports such as financial analysts and bond rating agencies. According to Mr. Sundstrom, “the OC Citizens’
Report was developed to be easily understood by non-accountants.” He also adds that “this report should help provide the transparency in government that the public deserves.”

Here are highlights of the County’s financial activities during FY 2009-10:

Total net assets increased by $139 million, or 3% as compared to last year.

A total of $93 million of bond obligations were retired, including $63 million of bankruptcy related debt. However, this was offset by issuing $233 million of revenue bonds related to the expansion of the John Wayne Airport.

As of the end of the fiscal year, the County’s governmental funds, which are primarily supported by tax and grant revenue, reported combined ending fund balances of $1.7 billion, an increase of $2 million, or less than 1% in comparison with the prior year.

At June 30, 2010, unreserved fund balance in the General Fund was $6.4 million, or less than 1% of total FY 2009-10 expenditures and transfers of $2.6 billion.

General Fund revenues and transfers ended the year 5% below budget.

General Fund expenditures and transfers ended the year 8% below budget.

The OC Citizens’ Report and CAFR documents are available for viewing on the Auditor-Controller’s
website at Financial Statements – Orange County California. For more information about the OC Citizens’
Report or to obtain a copy, please contact Claire Moynihan at (714) 834-7480 or by email at
claire.moynihan@ac.ocgov.com.